Lucky Block Price Prediction- May 1
The LBLOCKUSD price is possibly making its way to the resistance trend lines after hitting the $0.0001762 low level to signal a pump. Thus, a strong push from the current price at the $0.0001797 value above the supply trend lines will put the cryptocurrency in a bullish trend and this may further extend to a $0.02000 resistance level resulting in an intraday gain for the buy traders.
Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0001850, $0.0001750, $0.0001650
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
The LBLOCKUSD pair indicates a downward trend with a bearish sentiment in its long-term perspective. This is due to the brief return of the short traders in the market which will soon be hibernated as the bulls are now set to take us higher to the upper resistance area.
The price drop to the $0.0001745 support level during the last action has contributed to its bearishness in its recent trend level.
The coin price found a reliable resistance after completing the downside moves at the $0.0001797 value as a pullback below the moving average lines as the 4-hourly session resumes today. Thus, it is very likely that the bulls will continue rising as we are seeing a bullish correction in place at present.
Similarly, the Lucky Block price may likely continue its journey up north as indicated by the daily stochastic which is pointing in an upward direction at the oversold region. This means that the selling pressure has ended; we can therefore expect the upcoming bullish correction phase to reach a high at the $0.02000 value soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (1H Chart)
Lucky Block market is in a bearish momentum in its medium-term view. Although the trend has just resumed its rising pattern but has not yet reached its goal.
The aggressive move by the bulls pushed the LBLOCKUSD price up to the $0.0001783 resistance value below the moving average lines as the 1-hourly chart opens today. This suggests that buyers are coming in a grand style to dominate the market and sellers are getting weaker.
Hence, we have a bullish bias that the coin price will rise further to the upside if the buying pressure should increase.
Currently, the cryptocurrency is making a correction as it faces the upward direction on the daily stochastic, this means that there may be a potential rise in the coin price and this may possibly retest the previous high at the $0.0002098 supply level which might further extend the price of Lucky Block to the $0.02000 high trend line in the coming days in its medium-term time frame.
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